Kohl's lifts annual profit target as turnaround gains traction

The second straight sales beat signals efforts to closely reassess its product assortment and operational costs are starting to pay off, despite the turmoil at the top. Kohl's said on Wednesday it expects annual earnings per share of 50 cents to 80 cents, compared with its earlier wide range of 10 cents to 60 cents. Kohl's second-quarter adjusted earnings per share of 56 cents handily beat estimates of 29 cents, according to data compiled by LSEG.